Bitcoin price trends remain heavily influenced by Friday's data, which is crucial for predicting future movements. Bitcoin (BTC) and altcoins have faced significant declines recently, with BTC dropping $2,000-$3,000 after key announcements. After falling to $97,000, it rebounded slightly to $100,000 overnight.
All eyes are now on US nonfarm payrolls data, a key indicator of economic health and a factor in the Federal Reserve's interest rate decisions. This data, which is released on the first Friday of every month, is closely watched by investors and analysts.
Key market developments:
US stock